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Jan 28, 2013
01/13
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with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history of making bad business decisions in illinois. we sold the parking meter rights, and weave given away cash flows for 20 years on out. this is no surprise, and it's the worst in the union now, and it's not better because we're on a negative watch as well again. where we go from here is we have to see a massive exodus of people like myself or anybody get behind this. we're in trouble. are you or anyone else in illinois going to do a mike dirk mickelson or sarkozy in do you see a lot of tax refugees pouring out of illinois, you
with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history...
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Jan 31, 2013
01/13
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FBC
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i think the increased spending and increased taxing approach to our fiscal crisis is wrong. we need to focus on the fact that the problem is in the spending and we need to deal with the entire budget and everything needs to be on the table including medicare, medicaid and the entitlement programs as well as revenue. i am sure you know i am a strong advocate for broadbased program something similar to what the bowles-simpson commission put out but i want to see a commission to a pro-growth agenda too, the kind of reform of our tax code that will make it so we don't have the most unfair, complex, expensive to comply with and anti-competitive tax code we could conceivably come up with. those reforms are what i'm looking for in terms of the leadership of the treasury. rich: thanks for joining us. we will be with you every step of the way on all these important issues. dennis: thank you, peter barnes and senator mike crapo. cheryl: from washington to new york the dow continues to not get close to the 14,000 mark. the dow and the s&p seems to be hitting tough technical levels, una
i think the increased spending and increased taxing approach to our fiscal crisis is wrong. we need to focus on the fact that the problem is in the spending and we need to deal with the entire budget and everything needs to be on the table including medicare, medicaid and the entitlement programs as well as revenue. i am sure you know i am a strong advocate for broadbased program something similar to what the bowles-simpson commission put out but i want to see a commission to a pro-growth...
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Jan 25, 2013
01/13
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income and moving towards taxing consumption from income-tax is to sales taxes. related story. governor brownback of kansas wants to eliminate his state's income tax, he joins the governors of four this state which are considering the same thing. where does phil mickelson coming to this? in two ways. he wants to move out of california. he is free to live wherever he wants and preferred lower taxes. why not? that is why states like kansas, florida, texas are competing for tax refugees. the phil mickelsons of this world are driving the tax debate. phil mickelson objects to a 63% tax rate. who wouldn't? when this tax become legalized theft? this is a moral question as well as financial. here you have a sports guy driving a moral and financial tax debate. is not going away either. the president wants to raise taxes even more and we will soon see the impact of that disaster known as obamacare. bring on the debate. do you think 63% is a fair share for the government? do you think any american should be cowed into living where the government can tax them most? i know wh
income and moving towards taxing consumption from income-tax is to sales taxes. related story. governor brownback of kansas wants to eliminate his state's income tax, he joins the governors of four this state which are considering the same thing. where does phil mickelson coming to this? in two ways. he wants to move out of california. he is free to live wherever he wants and preferred lower taxes. why not? that is why states like kansas, florida, texas are competing for tax refugees. the phil...
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Jan 30, 2013
01/13
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we have seen tax refugees from income taxes. are we now going to see death tax refugees? we must, i guess? liz: yeah i mean they get you coming and going. when one state does it, the others copy cat it. the worst states to die in are new jersey and maryland, federal state, and inheritance tax assessed against your heirs. stuart: no income tax in florida or estate tax in florida as well. that's very important. charles: that's why the villages is more like a mini city. people are flocking down there. you don't work your whole life to give the money to the government, after you have already given half of it. stuart: the highlight reel is next. to generate income? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now ge
we have seen tax refugees from income taxes. are we now going to see death tax refugees? we must, i guess? liz: yeah i mean they get you coming and going. when one state does it, the others copy cat it. the worst states to die in are new jersey and maryland, federal state, and inheritance tax assessed against your heirs. stuart: no income tax in florida or estate tax in florida as well. that's very important. charles: that's why the villages is more like a mini city. people are flocking down...
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Jan 24, 2013
01/13
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it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you see, apple is not a winner. bed bath, western digital, and more. we'll be right back. ♪ [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. i have obligations. cute tobligations, but o
it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you...
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Jan 29, 2013
01/13
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FBC
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payroll taxes went up. maybe they are not as confident as they thought. >> the problem is, we have been to the biggest financial crisis since the great depression. history shows that crises like that, leave lasting scars. it is like the flu, you think you are ready to go back to work and several weeks later, you realize you still do not feel right. the idea that we will be off to the races again just does not sound right. connell: we are a few years out from there. the worst of it was september september 2008. we are a few years out. is it a few more years you are talking about? >> the critical thing is that there is no objective way to forecast. it depends on peoples attitudes. there is a recent paper by gabriel, stuart gabriel, that shows that the home rate is not explained by demographic or economic factors. i think it is because they were burned in this crisis. it just is not coming back. it may take another generation before we get there real enthusiasm back. connell: robert shiller, as always, your in
payroll taxes went up. maybe they are not as confident as they thought. >> the problem is, we have been to the biggest financial crisis since the great depression. history shows that crises like that, leave lasting scars. it is like the flu, you think you are ready to go back to work and several weeks later, you realize you still do not feel right. the idea that we will be off to the races again just does not sound right. connell: we are a few years out from there. the worst of it was...
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Jan 30, 2013
01/13
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andrew napolitano talks to us about the tax that taxpayers are staring at after the big bank bailout. take a look at how the guild on the ten year is doing today. the market is flat, but the surgery yield is back above 2%. the local [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quiteossibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i am lori laughlin with your fox business brief. the latest policy meeting is underway. they will stick with its plan of
andrew napolitano talks to us about the tax that taxpayers are staring at after the big bank bailout. take a look at how the guild on the ten year is doing today. the market is flat, but the surgery yield is back above 2%. the local [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all...
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Jan 28, 2013
01/13
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up like new york, which has no state income tax, florida has no state income tax, and new york has the second highest rate in the nation passed by alaska. the sunshine state hopes for more new residents so they have an office dedicated to the financial world's biggest names. cheryl: i don't blame them. brazil sidewalks have a new decoration. they have two dimensional bar codes into the sidewalks. the codes, also known as qr codes, installed at 30 different beaches, vistas, and historic sites throughout the country. two million visitors will get information as they walk around. access information like facts and maps by down loading on the smart phone and scan the code. the first installed friday at the massive boulder at the end of a beach. never been there. sound great. i could go right now. thank you very much. i need to go because it's snowing outside. all right. illinois headed for a fiscal dallas. that's the warning from state treasurer. he's joining melissa and lori exclusively. s&p downgraded illinois as the losest -- lowest state. dennis: the new fees you need to know about befo
up like new york, which has no state income tax, florida has no state income tax, and new york has the second highest rate in the nation passed by alaska. the sunshine state hopes for more new residents so they have an office dedicated to the financial world's biggest names. cheryl: i don't blame them. brazil sidewalks have a new decoration. they have two dimensional bar codes into the sidewalks. the codes, also known as qr codes, installed at 30 different beaches, vistas, and historic sites...
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Jan 29, 2013
01/13
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FBC
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ashley: is half past the hour. taking a look at the dow 30 right now. we are up 65 points. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: we have watched the markets get closer and closer to 14,000. it has been an exciting time. how do you think you feel traders feel about the fact that we went from 6500 almost back to our all-time high. >> there is a fair amount of interpretation that we are already overextended, overbought. we are sticking up that bullish sentiment in there. if you look at what is happening, we are making higher lows with each day. we have done that with ten sessions. when we pulled back, it is higher each time. i spoke to one guy before i came on the air and he sees no reason why we can't go back to the old high in 2007. nicole: there you have it. everyone was saying that
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ashley: is half past the hour. taking a look at the dow 30 right now. we are up 65 points. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: we have watched the markets get closer and closer to 14,000. it has been an exciting time. how do you think...
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Jan 24, 2013
01/13
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ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that. they settled claims with a interdrug trial subject. they moved along from that. pfizer here at a 52-week high. pfizer shares hitting this multiyear high on the results of several studies. they have done well with treatments for depression, overactive bladder, quitting smoking. biogen i can't leave out doing well. up 1.3% right now. back to you. tracy:
ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the...
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Jan 31, 2013
01/13
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companies to avoid taxes on the overseas profits. republicans say serve as nothing more than a political show. >> once in the president could have done instead of wasting so much time blaming others would have been to convey the java council he created a mixed so much fanfare. he is no has not done so for mon a year. rich: the two-year charter now expires. back to you. melissa: breaking news right now, federal judge in iowa has sentenced financial group chairman to 50 years in prison, the maximum term. he attempted suicide last summer outside of peregrine headquarters before regulators learned $200 million in possible funds went missing. russell wasendorf was 64 years old, is 54 years old, pardon me. the twinkie name over $24 million. when they open the bidding for the snack brand, but how high could the bidding go? adam shapiro with more on that. adam: maybe $920 million depending on what the bidders are willing to pay, but apollo global management and they set the floor on what they're willing to pay for hostess brands, wonder brea
companies to avoid taxes on the overseas profits. republicans say serve as nothing more than a political show. >> once in the president could have done instead of wasting so much time blaming others would have been to convey the java council he created a mixed so much fanfare. he is no has not done so for mon a year. rich: the two-year charter now expires. back to you. melissa: breaking news right now, federal judge in iowa has sentenced financial group chairman to 50 years in prison, the...
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Feb 1, 2013
02/13
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revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point where you say enough is enough. i've done my fair share. >>steve: why live in that state when you can move to another state like florida or texas where they don't have -- >> there's been a massive exodus out of california for a long period of time. if phil wanted to move, he'd be on the highway for hours trying to get out. >>gretchen: next, two days before the big game and harry carson, marcus allen hanging out with brian live. coming up next. eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant gives you 1% cash back on all p
revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point...